Opportunity spin-offs and necessity spin-offs

Guido Buenstorf

International Journal of Entrepreneurial Venturing, 2009, vol. 1, issue 1, 22-40

Abstract: This paper proposes a new distinction between two types of spin-offs, which is based on the events triggering spin-off formation. Spin-offs induced by newly discovered opportunities are distinguished from necessity spin-offs organised to escape deteriorating job conditions. An empirical analysis of spin-offs in the German laser industry traces differences in the performance and determinants of the two spin-off types. Necessity spin-offs are important to limit the devaluation of individual human capital by the competitive market process.

Keywords: spin-offs; necessity entrepreneurship; opportunity discovery; laser industry; spin-off formation; Germany; human capital. (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (19)

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Working Paper: Opportunity Spin-offs and Necessity Spin-offs (2007)
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